A patch often found on the colors of a 1%er meaning they have "Taken Care" of club business. Usually attributed to killing for the club.
"I Took Care of Business"
See that scooter-bum with the ITCB patch? Don't fuck with him or he'll kill you.
Don't ever rat-fuck the colors of anybody wearing an ITCOB / ITCB patch, it means they killed a motherfucker.
12 step recovery jargon referring to someone new who talks about how great life is, now that they'resober. Usually meaning that the person is out of touch with reality.
The new guy seems pretty happy for a dude who has no job, no money and no family. He must be on a pink cloud.